Bitcoin News Today: Bitcoin Surges Past $124K on Fed Cut Bets and 401(k) Crypto Adoption

Bitcoin climbed to a record high of $124,457 on August 10, 2025, as speculation mounted over potential U.S. Federal Reserve interest rate cuts and pro-crypto policy developments [1]. This marked a continuation of a broader upward trend in the cryptocurrency market, with Bitcoin briefly reaching $124,436.8 before consolidating gains in the following days [2]. The rally was driven in part by former U.S. President Donald Trump’s public calls for a rate cut of up to 175 basis points, fueling market expectations of increased liquidity and shifting investor behavior [3].

The price surge was not confined to the crypto market alone; it reflected a wider risk-on sentiment across global asset classes. On August 13, 2025, Bitcoin traded at $123,164.1, up 3.2% from earlier in the day, aligning with a broader move into equities and riskier assets [4]. Analysts attributed this synchronized movement to easing macroeconomic concerns and the anticipation of a Fed rate cut in the near term [5].

A key development that added institutional momentum to the rally was the U.S. government’s decision to allow cryptocurrency allocations in 401(k) retirement plans. This marked a significant shift in regulatory and institutional attitudes, with analysts suggesting it could bring a steady stream of long-term demand into the crypto market [6]. The inclusion of Bitcoin in such plans, which manage trillions in assets, was seen as a sign of growing legitimacy for digital assets.

Technical analysis also supported the bullish momentum, with Bitcoin breaking above the $120,000 threshold and entering new territory. Traders and analysts identified potential price targets at $128,000 and $132,000, though they warned of short-term volatility [7]. A pullback to the $120,000 level was considered a possible near-term scenario, but continued institutional participation could help reinvigorate the upward trend.

The broader macroeconomic environment also favored further gains, with strong ETF inflows and declining inflation data reinforcing the case for a Fed rate cut. As of August 13, 2025, Bitcoin remained firmly above the $120,000 level, indicating resilience amid periodic corrections [8]. The convergence of favorable technical patterns, institutional adoption, and a dovish monetary policy outlook suggested that Bitcoin could be entering a prolonged bullish phase, provided the Fed maintains its easing trajectory and supportive policy conditions persist.

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[1]title: Bitcoin price today: hits record high over $124 k on rate cut ... (https://www.investing.com/news/cryptocurrency-news/bitcoin-price-today-hits-record-high-over-124k-on-rate-cut-bets-corporate-cheer-4190493)

[2]title: Bitcoin hits record $124000 amid risk-on shift and ... (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-hits-record-124-000-risk-shift-corporate-buying-2508/)

[3]title: Bitcoin Hits Record High Amid Interest Rate Cut Speculation (https://coinmarketcap.com/community/articles/689d96465bbe9e3e67d223be/)

[4]title: Bitcoin climbs to all-time high of $124000 as investors snap ... (https://m.economictimes.com/markets/cryptocurrency/crypto-news/bitcoin-climbs-to-all-time-high-of-124000-as-investors-snap-up-riskier-assets/articleshow/123293154.cms)

[5]title: Bitcoin's Price Temperature Indicates Moderate Heat Amid ... (https://www.binance.com/en/square/post/28294767690810)

[6]title: BTC breaks $124K as 401(k) adoption and Fed cut bets ... (https://www.fxstreet.com/cryptocurrencies/news/btc-breaks-124k-as-401-k-adoption-and-fed-cut-bets-fuel-rally-toward-132k-video-202508140522)

[7]title: Bitcoin hits record $124457 on Fed cut hopes and pro- ... (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-hits-record-124-457-fed-cut-hopes-pro-crypto-policies-2508/)

[8]title: Bitcoin Price Eyes $125K Breakout as Fed Pivot, ETF Inflows ... (https://www.tradingnews.com/news/bitcoin-price-eyes-125k-usd-breakout-as-fed-pivot-etf-inflows-and-trump-boost-bulls)